Jai Balaji Industries (NSE:JAIBALAJI) Long-Term Capital Lease Obligation : ₹6 Mil (As of Mar. 2024)

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What is Jai Balaji Industries Long-Term Capital Lease Obligation?

Jai Balaji Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹6 Mil.

Jai Balaji Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹6 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹6 Mil).

Jai Balaji Industries's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2022 (₹6 Mil) to Mar. 2023 (₹6 Mil) but then declined from Mar. 2023 (₹6 Mil) to Mar. 2024 (₹6 Mil).

Jai Balaji Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jai Balaji Industries's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Jai Balaji Industries Long-Term Capital Lease Obligation Chart

Jai Balaji Industries Annual Data

Trend

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Mar24

Long-Term Capital Lease Obligation

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5.89

Jai Balaji Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.89	-	5.89	-	5.89

Jai Balaji Industries (NSE:JAIBALAJI) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Jai Balaji Industries (NSE:JAIBALAJI) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jai Balaji Industries Ltd (NSE:JAIBALAJI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

532976:India

Address

5, Bentinck Street, 1st Floor, Kolkata, WB, IND, 700 001

Website

http://www.jaibalajigroup.com

Jai Balaji Industries Ltd is an India based iron and steel manufacturing company. It manufactures Sponge Iron, Pig Iron, Ductile Iron Pipe, Ferro Chrome, Billet, TMT, Coke, and Sinter. The company is engaged in a single reportable segment of Iron and Steel. Geographically, it has a business presence in India and also exports it to other countries, of which key revenue is derived from India.

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